How Does Family Structure During Childhood Affect College Preparedness and Completion?, No. 18-02

Name: How Does Family Structure During Childhood Affect College Preparedness and Completion?, No. 18-02
Creator: FRASER
Keywords: Federal Reserve Bank of Richmond, Federal Reserve Research Publications

Blandin, Adam; Herrington, Christopher; Steelman, Aaron

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How Does Family Structure During Childhood Affect College Preparedness and Completion?, No. 18-02

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How Does Family Structure During Childhood Affect College Preparedness and Completion?, No. 18-02

DATE: February 2018

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Economic Brief

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Federal Reserve Bank of Richmond

ABSTRACT: From 1996 through 2015, the share of twenty-eight-year-olds in the United States who attended college grew 8 percentage points while the share who completed college also grew 8 percentage points. But college attainment trends varied significantly by family structure. In particular, completion grew much faster for children from "high-resource" households (two parents with at least one holding a four-year degree) compared with children from "low-resource" households (one parent and no degree). New research suggests that this attainment gap expanded because high-resource households increased precollege investment relative to low-resource households in response to a rising college wage premium.

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Blandin, Adam , Herrington, Christopher , Steelman, Aaron and Federal Reserve Bank of Richmond. "How Does Family Structure During Childhood Affect College Preparedness and Completion?, No. 18-02," Economic Brief (February 2018). https://fraser.stlouisfed.org/title/6034/item/583969, accessed on August 10, 2020.

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